Business Hilights

Tracking Nigeria's Headline Business News Online

ICT

MTN, Airtel begin PSB operations in Nigeria

In line with the final approval for a Payment Service Bank (PSB) licence granted by the Central Bank of Nigeria (CBN) to two major telcos in Nigeria, MTN and Airtel, both flagged off operations yesterday, Thursday, May 19, 2022. The…

ICT

4G coverage available to only 37% as MTN, Airtel pump N208bn in Q1

The Nigerian Communications Commission (NCC) report has revealed that Internet services in the nation are currently predominantly run on 2G and 3G networks, but added that 4G coverage is available to about 37 per cent of the population. NCC also…

ICT

NCS Congratulates NITDA On National Productivity Award

In felicitation of the National Productivity Order of Merit Award conferred by the President of the Federal Republic of Nigeria General Muhammadu Buhari GCFR on the National Information Technology Development Agency (NITDA), the Nigeria Computer Society (NCS) has congratulated the…

ICT

Disruptive Technologies best for Agro Development—NITDA Boss

Information and Communication Technology (ICT) has been described as critical role in the Agricultural sector that can guarantee cash flow and a major contributor to the nations’ Gross Domestic Product (GDP). The Director General, National Information Technology Development Agency (NITDA),…

ICT

Just in: Airtel begins Payment Service Bank operations in Nigeria

Global leaders in the provision of telecommunications and mobile money services, Airtel today, May 19, 2022, flagged off operations of its subsidiary SmartCash Payment Service Bank (PSB) Limited (‘SmartCash PSB’), in Nigeria. Recall that the group has presence in 14…

ICT

India boosts of highest search engine market share of Google at 94%

According to tradingplatforms.com, the tech giant holds a market share of 94.19 percent in India. Again, it accounts for most of the marketplace for search engines worldwide. “It is not a recent development that Google has established itself as the…

ICT

Danbatta hails Pantami’s Appointment as WISIS Chair

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has congratulated the Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, on his appointment as the Chairman of the 2022 World Summit on…

ICT

Nigerian Digital Startups Woo Investors, Stand To Win $20,000 In Dubai

Out of over 500 applications submitted by Nigerian startups, 40 made the shortlist and four emerged winners at the just concluded GITEX GLOBAL NORTHSTAR ROADSHOW STARTUP EVENT which is aimed at giving opportunities to indigenous startups to pitch their products…

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ICT

Jumia shares surge following rumours of Zinox acquisition

Speculations of a potential takeover of pan-African e-commerce firm Jumia Technologies by the Zinox Group, Sub-Saharan Africa’s leading tech conglomerate, has seen shares of the e-commerce giant rise by 14.81 per cent. Investigations show Jumia’s shares currently trading at $5.89…

ICT

TD Africa rolls out special anniversary sale to mark 23 years

TD Africa, Sub-Saharan Africa’s leading tech and lifestyle products distributor, is marking its 23 years of leadership in the ICT distribution segment with a special anniversary sale tagged ‘Sellerbration’. The company turned 23 yesterday, Sunday, May 15, 2022. Consequently, the…